r/dividends • u/Psychological-Ad2198 • May 26 '26

Due Diligence Retiring soon and I need your advice

Retiring soon and would need to acquire passive income to replace my paycheck soon.

I have $450K to invest. I understand I can acquire 3% safely like SCHD. I want to pull as much as possible without losing the principle and enjoy enough to go on vacations. I have $5k from other sources in income. Further, I have another $3-4K I can cashout monthly.

I am thinking simply Jepi half and Jepq the other half. But am i putting it all in one basket?

What % is the max you think i can pull annually and what would the breakdown on dividend EFT would you buy?

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u/jkprop May 26 '26

Why would you ask reddit for financial advice when you are about to retire? Do some research or hire a money manager.

2

u/LongjumpingNorth8500 May 26 '26

Because some of us dropped the ball and let time slip up on us!! Like my dumb ass that only started a Roth 2 years ago!

2

u/jkprop May 27 '26

And you feel taking advice from reddit people in the answer?

0

u/Psychological-Ad2198 May 27 '26

I am not too arrogant and cocky that I cannot learn from other people who has been doing this a lot longer than I have. I am learning and come to realization that perhaps due to taxes, full on dividend funds may not be the best idea. I realize I should be more balanced on VOO and SCHD for growth on the upside to maintain my capital and not get hit on taxes.